With reference to the captioned subject, we would like to inform you that the Board has approved the audited standalone and consolidated financial of the Company for the quarter and year ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
KS Smart Technologies Ltd (formerly Soma Papers and Industries Ltd) reported its Q4 and FY2026 results following a reverse acquisition of the listed entity by KS Smart Solutions Private Limited. On a consolidated basis, revenue grew 90.6% to ₹1,31,192.09 lakhs from ₹68,825.53 lakhs in FY2025, while profit after tax surged 265% to ₹7,433.01 lakhs from ₹2,014.44 lakhs. The company expanded into IT solutions and government projects after acquiring subsidiaries including KS Smart Solutions Pvt Ltd, Five 28 Anna Salai LLP, Southern Electric Metering Pvt Ltd, and Ikshanaa Technology Solutions Pvt Ltd. The new statutory auditor Sharp & Tannan issued an unmodified opinion on both standalone and consolidated results. The standalone entity shows a loss of ₹32.28 lakhs due to minimal operations post-restructuring.
The massive revenue and profit growth in consolidated results, along with the business transformation into IT solutions, is positive for shareholders. However, the standalone losses and the reverse acquisition structure warrant caution. The appointment of a large audit firm like Sharp & Tannan adds credibility to financial reporting.